Charles Schwab Investment Management Inc. Has $124.33 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Charles Schwab Investment Management Inc. boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 2.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,301,146 shares of the business services provider’s stock after buying an additional 49,871 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.47% of Rollins worth $124,331,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. City Holding Co. acquired a new stake in Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC raised its holdings in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares during the period. CVA Family Office LLC raised its holdings in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock worth $44,000 after buying an additional 340 shares during the period. Colonial Trust Co SC raised its holdings in Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider’s stock worth $50,000 after buying an additional 411 shares during the period. Finally, HM Payson & Co. acquired a new stake in Rollins during the 1st quarter worth approximately $63,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Down 0.3%

Shares of Rollins stock opened at $58.44 on Tuesday. The business has a fifty day simple moving average of $56.78 and a two-hundred day simple moving average of $54.60. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company has a market capitalization of $28.32 billion, a price-to-earnings ratio of 57.86 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Rollins’s revenue for the quarter was up 12.1% compared to the same quarter last year. Research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be issued a $0.165 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins’s dividend payout ratio is presently 65.35%.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group upgraded shares of Rollins from a “hold” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target for the company. Royal Bank Of Canada raised their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Barclays raised their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average price target of $61.40.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.